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Analyst: Improving house price data helps support the UK economy, and the pound remains strong.
Jin10 data reported on June 2, analysts from ING, Chris Turner stated in a report: "The pound maintains relative support, especially against the USD." He noted that as interest rates decline, the improvement in UK housing price data on Monday may help support the UK economy. Nationwide data shows that last month's house prices rose by 3.5% compared to a year ago. LSEG data indicates that GBP/USD rose to an intraday high of 1.3557, approaching last week's three-year high of 1.3593 USD.